Business strategies, bureaucratic ties, and firms' innovation novelty : insights from the World Bank enterprise survey

We draw intuitions from the systemic perspective of innovation to develop and test a conceptual model aimed at examining the various factors capable of infuencing the novelty of innovations within frms in Visegrad countries. The empirical results based on the analyses of about 2,132 frms revealed that organisational strategies, external collaborations, engaging in research and development, and the legal status of frms marginally infuence innovation novelties. Contrary to our expectations, we found that intellectual property rights and bureaucratic ties do not signifcantly infuence innovation novelties. Business cities are also positively correlated with frms' innovation novelties whilst legal status is not. The main practical implication of the research is that frm managers in the Visegrad Group aiming to improve and sustain the novelty of innovations should consider strengthening their external collaborations as well as having business strategies that must include innovations as well as research and development (R&D). We discuss some implications for theory and policy.